Net direct tax collection swelled 17.33% to Rs 5.84 lakh crore up to August 10 this fiscal, reaching 32% of the full-year Budget Estimates (BE). The Income Tax department in a statement said the collection […]
India’s industrial production growth declined to a three-month low of 3.7% in June mainly due to poor showing by the manufacturing sector, according to the official data released on Friday, Augusr 11. The factory output […]
New Delhi (TIP)- The finance ministry has said that the top 50 wilful defaulters, which include companies like fugitive Mehul Choksi’s Gitanjali Gems Limited, and Era Infra Engineering Limited, REI Agro Limited, and ABG Shipyard […]
Washington (TIP)- The number of Americans filing new claims for unemployment benefits rose slightly last week, while layoffs dropped to an 11-month low in July as labor market conditions remain tight. The labor market has […]
The government on Thursday , August 3, imposed import restrictions on laptops, tablets, all-in-one personal computers, ultra small form factor computers, and servers with immediate effect. The Directorate General of Foreign Trade (DGFT) in a […]
India can become a USD 6.7 trillion economy by 2031, from USD 3.4 trillion currently, if the country clocks an average growth of 6.7 per cent for 7 years, an S&P Global report said on […]
Washington (TIP)- The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, July 26, and Fed Chair Jerome Powell said the economy still needed to slow and the labor market […]
New Delhi (TIP)- Tata Group-owned Air India is planning to operate flights to more US cities, including Los Angeles, and is assessing various metrics, according to sources. Currently, the airline operates non-stop flights to five […]
Economists at the country’s largest lender SBI on Thursday, July 27, advanced their estimate on the Indian economy becoming the third largest in the world by two years to 2027. In a note that comes […]
A currency note with a star (*) symbol is identical to any other legal banknote, the Reserve Bank said on Thursday , July 27, allaying concerns on the validity of such notes. The symbol is […]
The Asian Development Bank (ADB) on Wednesday, July 19, retained India’s economic growth forecast at 6.4 per cent for the current financial year and 6.7 per cent for the next, saying robust domestic demand will […]
Twitter has lost roughly half of its advertising revenue, according to owner Elon Musk, since he bought the social media platform for $44 billion last October. Musk, who has been outspoken about the difficulties facing […]
New Delhi (TIP)- Reliance Industries (RIL) on Friday, July 21, reported an 11% drop in its June quarter net profit largely due to weak oil-to-chemical (O2C) vertical and higher interest and depreciation cost. Net profit […]
Chinese smartphone makers, including Oppo Mobile, Vivo India and Xiaomi Technology, have been found evading taxes worth Rs 9,000 crore in India, Parliament was informed on Friday, June 21. Data shared by the Minister of […]
Tata Group on Wednesday , July 19, announced an investment of £4 billion (about Rs 42,500 crore) in setting up a flagship factory to make batteries for Jaguar Land Rover as well as other manufacturers. […]
Elon Musk, the billionaire entrepreneur, launched his long-teased artificial intelligence startup xAI on Wednesday, unveiling a team comprised of engineers from the same big U.S. technology firms that he hopes to challenge in his bid […]
New Delhi (TIP)- Retail inflation rose to a three-month high of 4.81 per cent in June, mainly on account of hardening prices of food, according to the government data. Inflation based on the Consumer Price […]
HCL Technologies has signed a pact to acquire 100% stake in ASAP Group, a German automotive engineering services provider, for about Rs 2,300 crore, according to a BSE filing. It aims to expand its capabilities […]
The India-China trade, which in recent years rose sharply despite bilateral tensions over the border dispute, showed the first signs of a slowdown in years falling by 0.9 per cent in the first half of […]
New Delhi (TIP)- Fast food chain McDonald’s has made the decision to remove tomatoes from its burgers and wraps in various locations across India. The move comes as the country experiences supply shortages and concerns […]
San Francisco (TIP)- Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover most of a $90 million fee it received from Twitter for defeating his bid to walk away […]
In a jolt to low-cost airlines SpiceJet, the Supreme Court on Friday, July 7, refused to extend the time for making payment to media baron Kalanidhi Maran and his Kal Airways in pursuance of an […]
Vedanta Ltd on Friday said it will acquire the semiconductor and display businesses from sister concern Twin Star Technologies Ltd. The new structure will make Vedanta India’s first company in Integrated Semiconductor and Display Fab […]
Apple Inc’s market capitalisation on Friday, June 30, breached the $3 trillion mark for the first time since January last year, as investors bet on the iPhone maker’s ability to grow revenue even as it […]
New Delhi (TIP)- The finance ministry on midnight Friday, June 30, amended foreign exchange management rules to exclude international credit card spends from the purview of liberalised remittance scheme (LRS) hours after issuing a CBDT […]
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